Malaysian Bulk Carriers (MBC) has won a 15-year contract of affrieghtment (COA) worth RM563m ($143.5m) from compatriot company TNB Fuel Services for the transport of around 1.5m tonnes of steam coal per year to Malaysia.
The COA will employ MBC’s owned post-panamax bulk carriers on a consecutive voyage charter basis, MBC said today.
The contract period is scheduled to commence on September 1 and run until August 31, 2031.
MBC, which is listed on Malaysia’s Bursa exchange, owns four 81,700-dwt post-panamax bulk carriers and has another on charter, plus smaller bulkers and product tankers.
